The Saudi Arabia Capital Market Authority has approved Saudi Fisheries Company’s request to raise capital through a rights issue worth SAR 334,930,200. The increase will be limited to shareholders recorded in the Security Depository Center register at the close of the second trading day after the extraordinary general assembly meeting, with the meeting date to be set later by the company’s board. The company will determine the offering price and the number of shares to be offered for subscription after market close on the day of the extraordinary general assembly meeting. The authority said it approved the application after assessing it against the applicable regulatory, quantitative and qualitative criteria, and the rights issue prospectus will be published later. The approval indicates that the legal requirements under the Capital Market Law and its Implementing Regulations have been met and is not a recommendation to subscribe or invest in the company’s shares.
Saudi Arabia Capital Markets Authority 2026-04-29
Saudi Arabia Capital Market Authority approves Saudi Fisheries Company SAR 334.9 million capital increase through rights issue
The Saudi Arabia Capital Market Authority approved Saudi Fisheries Company’s request to raise SAR 334,930,200 in capital via a rights issue, limited to shareholders registered at the Security Depository Center on the second trading day after the extraordinary general assembly meeting. The company will set the offering price and number of shares after market close on the meeting day, and the authority stressed that approval confirms compliance with the Capital Market Law and Implementing Regulations but is not an investment recommendation.